<t>describe why convexity is an issue in hedging and hence in pricing XYZhow many factors would you use in modelling/pricing for ir structure XYZdescribe the probablity distribution in payoff outcome of product XYZdescribe in order of importance the risks/parameters involved in pricing product XYZho...

i have to disagree - there are a wealth of jobs that never get advertised.cultivating some connection with headhunters / practitioners will always yield better results than waiting for your dream job to appear in the AFR on a Friday.

PM me your cv and a little spiel about what you want to do, and I'll pass it on.I assume you are in Sydney? In the meantime it would be worth your while studying up on fixed income basics, zero curves etc. It's not a big deal but shows a peospective employer good faith and initiative.

<t>-----------------------------------------------------------------------------------------------------------------------------Nope, not taking the pi$$ at all. Hmm, you could be right. I thought he was a trader, don't know what desk he was on. The incident did happen though, and I believe the indi...

q: how do you spot the extroverted actuary?a: he's staring at everyone else's shoes

well he is a ginge minge!you're taking the pi55 aren't you?he aint a trader's ar$ehole!will report back

not true - we at "that other bank" have our do in about 9 hours time.early indications are goooooodthe juggernaut rolls on!

dick feynman and beyonce

reminds me of an exchange in the australian parliament in the 70s X: "...and of course, i'm a country member..."Y: "yeh i remember"

the fact hunt. also a good name for a trivia team.say it real quick.

normy pekerov and associates

specifically what do you do / want to do? aus headhunters seem to all have their own niches.give some more details so i can better respond.

change due to delta: -0.7 x 5 x 40,000 x (0.695 - 0.643) = -7280gamma = 2.5 contracts per dollar = 100,000 lbs of cattle per dollarso change due to gamma: 1/2 x 100,000 x (.695 - 0.643)^2 = 135.20 total instantaneous change in MTM assuming no change in implied vol: 135.20 minus 7280 = -7144.80

you're not doing anything wrong...

<t>Sell the 8% coupon bond, and buy 2 times the face value of the 4% coupon bond.Net amount paid = 2 x 968.33 - 1144.75 = 792.91.My net coupon (regardless of frequency) is zero.At maturity I receive 2000-1000 = 1000, meaning I've syntheticically replicated a 5yr zero coupon bond. The price is 792.91...